Clarification of Revenue Memorandum Circular No. 1-84
Revenue Memorandum Circular No. 21-84 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Sep 20, 1984
Full text
September 20, 1984 REVENUE MEMORANDUM CIRCULAR NO. 21-84 SUBJECT : Clarification of Revenue Memorandum Circular No. 1-84 TO : All Internal Revenue Officers and Others Concerned Under Revenue Memorandum Circular No. 1-84, corporations otherwise qualifying as "closely-held corporations" whose taxable year ends after May 19, 1983 are no longer subject to the provisions of Section 24 (e) of the Tax Code. Corporations otherwise qualifying as 'closely-held corporations' whose fiscal year ends before May 19, 1983 are still liable to pay the corporate tax shall not apply anymore to corporations filing income tax returns beginning with the calendar year 1983 and to corporations filing income tax returns for fiscal year beginning June 1, 1982 . All revenue officers and others concerned are enjoined to observe the provisions of this Revenue Memorandum Circular and give the same as wide a publicity as possible. RUBEN B. ANCHETA Acting Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.